The Prologis Research team today published the second installment of its ongoing series on COVID-19 and logistics real estate. Prologis is committed to keeping our partners and stakeholders informed, and will post regular research updates (weekly, at a minimum) as the situation evolves.
The disruption caused by the coronavirus (COVID-19) underscores the need for resilient supply chains and has become a catalyst for many organizations to find workarounds that could become permanent (e.g., telecommuting/office, e-commerce/retail).
Prologis has been named the top real estate company on the 2020 Global 100 Most Sustainable Corporations in the World List. This annual ranking of corporate sustainability performance also put Prologis at #6 among U.S. companies and #26 overall.
Ms. Avid Modjtabai, a 27-year Wells Fargo veteran who will be retiring at the end of the first quarter, will join Prologis’ board of directors as a new independent director, effective February 20, 2020.
Prologis announced on Jan. 8 that it had completed its acquisition of the wholly owned real estate assets of Industrial Property Trust Inc. (“IPT”) for approximately $4 billion in cash, including the assumption and repayment of debt.